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3 years ago

What is the future value of $450 at an interest rate of 15 percent one year from today?

Business

1 answer:

gladu [14]3 years ago

3 0

Answer:

$517.50

Explanation:

we have to use the future value formula:

future value = present value x (1 + interest rate)ⁿ

present value = $450
interest rate = 15%
n = 1 year

future value = $450 x (1 + 15%) = $450 x 1.15 = $517.50

The basic premise of finances is that the value of money changes over time, i.e. one dollar today is worth more than one dollar tomorrow. That is because the money yo have today can be invested and it can interest, therefore, it will be worth more in the future.

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In the vast majority of commercials that advertise cleaners, a woman is shown using the product, even though the high percentage

erma4kov [3.2K]

Answer:

Sex roles are portrayed stereotypical

Explanation:

The people perceive that the household issues like cooking, washing clothes, children mentoring, etc are the jobs of the women becuase this is how they had contributed to the family in the past. So media stereotypically perceives the same way the society does and also portrays it the same way.

7 0

4 years ago

The point when the company makes exactly enough money to pay for itself, without making extra as a profit, is the ____________ p

-BARSIC- [3]

The point when the company makes exactly enough money to pay for itself, without making extra as a profit is the C. Break even point

hope this helps

7 0

3 years ago

Read 2 more answers

What is one course of action available in every problem solving process

OLga [1]

You must consider both consequences, the positive and the negative. Then you must think of a way that you will have a win-win situation or just do the compromising to be able to solve the problem and have a faster solving process.

8 0

3 years ago

Aces, Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,000 rackets and sold 4,900. At

SVETLANKA909090 [29]

Answer:

$165,500

Explanation:

Given that,

Sales (4,900 × $90) = $ 441,000

Cost of goods sold (4,900 × $38) = 186,200

Gross margin = $ 254,800

Selling and administrative expenses = $75,000

Net income = $ 179,800

Production costs per tennis racket total = $38

Variable production cost = $25

Fixed production cost = $13

Units produced = 6,000

Contribution margin:

= Sales - Variable production costs

= $441,000 - (4,900 × 25)

= $441,000 - $122,500

= $318,500

Fixed costs = Fixed production costs + Selling and administrative expenses

= ($13 × 6,000) + $75,000

= $78,000 + $75,000

= $153,000

Net income under variable costing:

= Contribution margin - Fixed costs

= $318,500 - $153,000

= $165,500

8 0

3 years ago

Tim is a member of the sales department at FreshOveggie, a gourmet grocery store. One of hismajor tasks includes sending e-mails

Zina [86]

Answer:

Explanation:

Variety of sales jobs: There are hundreds, maybe thousands, of different types of sales positions. Almost every good or service you know of has a salesperson who sells it to one or more people.

Types of sales jobs:

-Retail sales person. Sells goods or services to consumers for their personal use.

-Wholesale sales person. Buys products from manufactures and sell to other organizations.

-Manufacturer’s sales representative, typically sell directly to wholesalers or retailers.

-Order taker: usually will ask the customer what he/she wants or wait for the customer to order. They do NOT have a sales strategy and often use no sales presentation. Example: think of a waiter.

-Order getter: get new and repeat business using creative sales strategies and a well-executed sales presentation.

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3 years ago